Question No 04 Chapter No 10

Question No 04 Chapter No 10

04.Following balances were extracted from the books of Ravinder Associates as of 31st March 2017 :

Name of AccountsRsName of AccountsRs
Sundry Debtors4,10,000Stock (April 1, 2016)2,30,0000
Sundry Creditors80,000Premises12,00,000
Rent and Taxes48,000Fixtures & Fittings3,10,000
Purchases34,00,000Bad Debts are written off8,000
Sales56,00,000Rent received from sub-let of part of premises30,000
Trade Expenses12,000Loan from Mukul1,50,000
Returns Outwards 80,000Interest on Mukul’s Loan15,000
Returns Inwards1,20,000Drawings40,000
Expenses4,000Cash in hand75,000
Motor Vehicles6,50,000Stock on 31st March 20173,80,000
Electricity25,000  

You are required to prepare the trial balance treating the difference as his capital.

The solution of Question No 04 Chapter No 10: –  

Trail Balance A/c 
Particulars
J.F.DebitCredit
Sundry Debtors A/c 4,10,000 
Sundry Creditors A/c  80,000
Rent & Taxes A/c 48,000 
Purchases A/c 34,00,000 
Sales A/c  56,00,000
Trade Expenses A/c 12,000 
Return Outwards A/c  80,000
Return Inwards A/c 1,20,000 
Expenses A/c 4,000 
Motor Vehicles A/c 6,50,000 
Electricity A/c 25,000 
Opening Stock (on April 01, 2004) A/c 2,30,000 
Premises A/c 12,00,000 
Fixture & Fittings A/c 3,10,000 
Bad Debts written off A/c 8,000 
Loan from Mukul A/c  1,50,000
Interest on Mukul’s Loan A/c 15,000 
Drawings A/c 40,000 
Cash in Hand A/c 75,000 
Rent received from Sub-let of part of Premises A/c  30,000
Capital (Balancing Figure) A/c  6,07,000
  65,47,00065,47,000

Note: Closing Stock of Rs 3,80,000 will not appear in Trial Balance, because it has not been accounted yet

Trial Balance | Explanation | Methods | Examples

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Also, Check out the solved question of previous Chapters: –

  • Chapter No. 1 – Introduction to Accounting
  • Chapter No. 2 – Basic Accounting Terms
  • Chapter No. 3 – Theory Base of Accounting, Accounting Standards and International Financial Reporting Standards(IFRS)
  • Chapter No. 4 – Bases of Accounting
  • Chapter No. 5 – Accounting Equation
  • Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
  • Goods and Services Tax(GST)
  • Chapter No. 7 – Origin of Transactions – Source Documents and Preparation of Vouchers
  • Chapter No. 8 – Journal
  • Chapter No. 9 – Ledger
  • Chapter No. 10 – Special Purpose Books I – Cash Book
  • Chapter No. 11 – Special Purpose Books II – Other Books
  • Chapter No. 12 – Bank Reconciliation Statement
  • Chapter No. 13 – Trial Balance
  • Chapter No. 14 – Depreciation
  • Chapter No. 15 – Provisions and Reserves
  • Chapter No. 16 – Accounting for Bills of Exchange
  • Chapter No. 17 – Rectification of Errors
  • Chapter No. 18 – Financial Statements of Sole Proprietorship
  • Chapter No. 19 – Adjustments in preparation of Financial Statements
  • Chapter No. 20 – Accounts from incomplete Records – Single Entry System
  • Chapter No. 21 – Computers in Accounting
  • Chapter No. 22 – Accounting Software – Tally
  • Chapter No. 5 – Accounting Equation
  • Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
  • Goods and Services Tax(GST)
  • Chapter No. 8 – Journal
  • Chapter No. 9 – Ledger
  • Chapter No. 10 – Special Purpose Books I – Cash Book

Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication

T.S. Grewals Double Entry Book Keeping - Question No 04 Chapter No 10 - D.K Goal 11 Class

T.S. Grewal’s Double Entry Book Keeping

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